In the last few days, more evidence has surfaced that will need to be addressed before it quickly becomes a bailout .

As it turns out, Robo-Signing is NOT showing signs of slowing down, regardless of any settlement. Lets step back and examine a few things that will make your jaw slam to the floor, “drop” would be an understatement.

For instance, Prof. Adam Levitin just found a big problem with those soon to be hired foreclosure fraud reviewers.

In his article the robo-signing problem continues to move forward, except only this time the pay jumped from $10/hr to $19 – $23/hr. But wait it gets better…There’s other evidence that servicers are not stopping the practice anytime soon.

Does this seem like “It is essentially having a third party come in to look over your shoulder“? Guess a hen wouldn’t mind a wolf looking over his shoulder either [.]

Lastly, Lender Processing Services Inc.’s (LPS) current Senior Vice President Tim Anderson, was a former Vice President of Stewart Lender Services. LPS as you may already know, is also at the core of the robo-signing scandal.

Still with me?

Do you see a pattern? Until someone takes this epidemic seriously, the housing and the economy is not going to rebound at all.